We note with great satisfaction the statement made by the
Prime Minister, as Member for Central Glasgow, to a deputation representing the Glasgow trades council and the unemployed of that city. He declared in the first place that we could not deal with the unemployed problem by borrowing money. That would only end in an industrial crash. Then he -went on to say that there was no big pool of profits from which higher wages could come. The schemes for suspending the payment of part of the interest on the National Debt would simply mean commercial ruin. They would destroy the credit of the country. The Prime Minister went on to express his belief that the improvement in the unemployment figures would continue and that there was no fear of their rising again. Mr. Bonar "Law ended his speech with the following hopeful sentences :- " I am convinced that, bad as things are, we have reached the bottom, and unless there is very serious trouble in Europe—the position is very serious—we are going to have a real trade revival. We have to depend on trade, and I think it is improving."
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